COP27 talks extended by one day amid deadlock over compensation for loss and damage

Crucial climate talks that were supposed to end on Nov 18 in Egypt have been extended by another day as negotiators struggle to break a deadlock over one key issue - compensation for loss and damage. COP27 President Sameh Shoukry said he is committed to closing the conference on Nov 19, but he remains concerned about the number of outstanding issues. Funding is being sought for nations that regularly suffer through climate-related events, from historic floods to scorching heatwaves and devastating droughts. The EU, hoping to lock down a deal, is proposing a fund for the most vulnerable countries, with the money put in by what it calls "a broad funder base".